v3.26.1
Segment Information
 6 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
We report our segment information in the same way management internally organizes the business to assess performance and make decisions regarding the allocation of resources in accordance with ASC 280-10 - Segment Reporting. Management, inclusive of the CODM, reviews net revenues and Adjusted EBITDA from continuing operations to evaluate segment performance and allocate resources. We define Adjusted EBITDA from continuing operations as income (loss) from continuing operations, net of tax, adjusted for the following items: income tax expense (benefit); depreciation and amortization; interest expense (income), net; and certain special items consisting of non-recurring net legal and professional expenses and settlements; goodwill impairment; restructuring and asset-related charges, net; M&A related costs, net; net gain on sale of business, property and equipment; loss on extinguishment and refinancing of debt; share-based compensation expense; and other special items. We use Adjusted EBITDA from continuing operations because we believe this measure assists investors and analysts in comparing our operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. For each of our segments, our CODM uses Adjusted EBITDA from continuing operations to measure operational performance by comparing historical, actual and forecasted amounts on a regular basis, and to allocate resources in the annual budget and forecasting process. Adjusted EBITDA from continuing operations is also a significant performance measure in our annual incentive compensation.
We have two reportable segments, organized and managed principally in geographic regions: North America and Europe. We report all other business activities in Corporate and unallocated costs. The Company’s two reportable segments are defined as follows:
•North America – Within our North America segment, the Company supplies windows and doors for residential and commercial markets, serving both new construction and repair & remodel projects. These products reach builders, repair and replacement contractors, architects, and homebuilders through direct and indirect channels, including dealer and distribution networks.
•Europe – Within our Europe segment, the Company manufactures and supplies to retailers, merchants, housebuilders and construction companies’ interior doors, doorsets and door kits, in wood and steel, with both standard and high-performance features.
Factors considered in determining the two reportable segments include the nature of business activities, the management structure accountable directly to the CODM, the discrete financial information regularly provided to the CODM, and information presented to the Board of Directors and investors. The CODM is the CEO. No operating segments have been aggregated for our presentation of reportable segments.
The following tables set forth certain information relating to our segments’ operations:
Three Months Ended June 27, 2026
(amounts in thousands)North
America 		EuropeTotal
Revenues from external customers$528,521 $289,314 $817,835 
Intersegment net revenues— 191 191 
Total segment net revenues$528,521 $289,505 $818,026 
Reconciliation of Revenue
Elimination of intersegment net revenues(191)
Total consolidated net revenues$817,835 
Less:
Adjusted cost of sales$448,924 $230,777 $679,701 
Adjusted selling, general and administrative56,828 51,430 108,258 
Other segment items(1)
(17,906)(6,071)(23,977)
Adjusted EBITDA from continuing operations$40,675 $13,178 $53,853 
Total Reportable Segment Adjusted EBITDA from continuing operations$53,853 
Less:
Depreciation and amortization28,969 
Interest expense, net18,366 
Corporate and unallocated costs11,583 
Special items:
Net legal and professional expenses and settlements2,828 
Restructuring and asset-related charges, net4,077 
M&A related costs, net3,350 
Share-based compensation expense3,748 
Other special items(2)
7,839 
Loss from continuing operations, before tax$(26,907)
(1)Other segment items include depreciation and amortization, which are regularly provided to the CODM by segment but are not included in the measure of segment profit, and other items excluded from the significant expense categories regularly provided to the CODM, which included:
North America - Foreign currency losses.
Europe - Foreign currency losses and pension expense.
(2)Other special items not core to ongoing business activity included North America impairment charges of $2.7 million related to windows manufacturing technology, and $1.8 million related to logistics technology, each of which was determined to have no future use, and $1.2 million related to costs incurred to fulfill production capability requirements associated with the court-ordered Towanda divestiture.
Three Months Ended June 27, 2026
(amounts in thousands)North
America 		EuropeCorporate
and
Unallocated
Costs		Total
Consolidated
Depreciation and amortization
$18,380 $8,239 $2,350 $28,969 
Capital expenditures7,162 9,603 1,760 18,525 
Segment assets
1,253,963 692,832 121,558 2,068,353 
Three Months Ended June 28, 2025
(amounts in thousands)North
America 		EuropeTotal
Revenues from external customers$555,677 $268,052 $823,729 
Intersegment net revenues— — — 
Total segment net revenues$555,677 $268,052 $823,729 
Total consolidated net revenues$823,729 
Less:
Adjusted cost of sales$467,888 $212,162 $680,050 
Adjusted selling, general and administrative69,985 46,676 116,661 
Other segment items(1)
(16,945)(7,812)(24,757)
Adjusted EBITDA from continuing operations$34,749 $17,026 $51,775 
Total Reportable Segment Adjusted EBITDA from continuing operations$51,775 
Less:
Depreciation and amortization27,430 
Interest expense, net16,487 
Corporate and unallocated costs12,757 
Special items:
Net legal and professional expenses and settlements8,641 
Restructuring and asset-related charges, net8,842 
M&A related costs, net107 
Net gain on sale of business, property and equipment(2,174)
Share-based compensation expense4,433 
Other special items1,064 
Loss from continuing operations, before tax$(25,812)
(1)Other segment items include depreciation and amortization, which are regularly provided to the CODM by segment but are not included in the measure of segment profit, and other items excluded from the significant expense categories regularly provided to the CODM, which included:
North America - Pension expense, gain on derivatives, and foreign currency gains.
Europe - Pension expense and energy subsidies.
Three Months Ended June 28, 2025
(amounts in thousands)North
America 		EuropeCorporate
and
Unallocated
Costs		Total
Consolidated
Depreciation and amortization
$16,804 $8,208 $2,418 $27,430 
Capital expenditures19,680 10,783 3,722 34,185 
Segment assets
1,406,184 842,500 294,260 2,542,944 
Six Months Ended June 27, 2026
(amounts in thousands)North
America 		EuropeTotal
Revenues from external customers$981,234 $558,726 $1,539,960 
Intersegment net revenues— 191 191 
Total segment net revenues$981,234 $558,917 $1,540,151 
Reconciliation of Revenue
Elimination of intersegment net revenues(191)
Total consolidated net revenues$1,539,960 
Less:
Adjusted cost of sales$857,636 $448,033 $1,305,669 
Adjusted selling, general and administrative115,792 103,626 219,418 
Other segment items(1)
(36,488)(13,187)(49,675)
Adjusted EBITDA from continuing operations$44,294 $20,254 $64,548 
Total Reportable Segment Adjusted EBITDA from continuing operations$64,548 
Less:
Depreciation and amortization58,339 
Interest expense, net35,569 
Corporate and unallocated costs16,137 
Special items:
Net legal and professional expenses and settlements15,595 
Restructuring and asset-related charges, net6,056 
M&A related costs, net10,949 
Share-based compensation expense7,430 
Other special items(2)
14,848 
Loss from continuing operations, before tax$(100,375)
(1)Other segment items include depreciation and amortization, which are regularly provided to the CODM by segment but are not included in the measure of segment profit, and other items excluded from the significant expense categories regularly provided to the CODM, which included:
North America - Foreign currency losses.
Europe - Foreign currency losses and pension expense.
(2)Other special items not core to ongoing business activity included North America impairment charges of $3.1 million recognized in connection with the Company’s North America equipment capacity optimization review, $2.7 million related to windows manufacturing technology, and $1.8 million related to logistics technology, each of which was determined to have no future use, as well as $2.0 million related to post-production expenses for closed facilities in North America and $1.2 million related to costs incurred to fulfill production capability requirements associated with the court-ordered Towanda divestiture.
Six Months Ended June 27, 2026
(amounts in thousands)North
America 		EuropeCorporate
and
Unallocated
Costs		Total
Consolidated
Depreciation and amortization
$37,209 $16,623 $4,507 $58,339 
Capital expenditures22,479 19,427 2,697 44,603 
Segment assets
1,253,963 692,832 121,558 2,068,353 
Six Months Ended June 28, 2025
(amounts in thousands)North
America 		EuropeTotal
Revenues from external customers$1,086,238 $513,497 $1,599,735 
Intersegment net revenues33 489 522 
Total segment net revenues$1,086,271 $513,986 $1,600,257 
Reconciliation of Revenue
Elimination of intersegment net revenues(522)
Total consolidated net revenues$1,599,735 
Less:
Adjusted cost of sales$933,536 $410,016 $1,343,552 
Adjusted selling, general and administrative139,484 90,937 230,421 
Other segment items(1)
(37,055)(15,139)(52,194)
Adjusted EBITDA from continuing operations$50,273 $27,683 $77,956 
Total Reportable Segment Adjusted EBITDA from continuing operations$77,956 
Less:
Depreciation and amortization54,725 
Interest expense, net31,405 
Corporate and unallocated costs17,069 
Special items:
Net legal and professional expenses and settlements20,523 
Goodwill impairment137,721 
Restructuring and asset-related charges, net23,388 
M&A related costs, net(506)
Net gain on sale of business, property, and equipment(2,827)
Loss on extinguishment and refinancing of debt237 
Share-based compensation expense7,661 
Other special items3,892 
Loss from continuing operations, before tax$(215,332)
(1)Other segment items include depreciation and amortization, which are regularly provided to the CODM by segment but are not included in the measure of segment profit, and other items excluded from the significant expense categories regularly provided to the CODM, which included:
North America - Refund of deposits for antidumping and countervailing duties on wood mouldings and millwork products purchased from China from 2022 to 2023, pension expense, and gain on derivatives.
Europe - Pension expense, foreign currency losses, and energy subsidies.
Six Months Ended June 28, 2025
(amounts in thousands)North
America 		EuropeCorporate
and
Unallocated
Costs		Total
Consolidated
Depreciation and amortization
$34,129 $15,773 $4,823 $54,725 
Capital expenditures47,416 21,073 7,650 76,139 
Segment assets
1,406,184 842,500 294,260 2,542,944